Reducing CO2 emissions in OECD countries: Do renewable and nuclear energy matter?

This study contributes to the existing environmental economics literature by examining the short- and long-run impacts of renewable and nuclear energy consumption on CO2 emissions in the case of 15OECD countries over the period 1990–2018 using both the Fully Modified OLS (FMOLS) and the vector error...

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Veröffentlicht in:Progress in nuclear energy (New series) Jg. 126; S. 103425
Hauptverfasser: Saidi, Kais, Omri, Anis
Format: Journal Article
Sprache:Englisch
Veröffentlicht: Oxford Elsevier Ltd 01.08.2020
Elsevier BV
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ISSN:0149-1970, 1878-4224
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Abstract This study contributes to the existing environmental economics literature by examining the short- and long-run impacts of renewable and nuclear energy consumption on CO2 emissions in the case of 15OECD countries over the period 1990–2018 using both the Fully Modified OLS (FMOLS) and the vector error correction model approach (VECM) estimation methods. The results of the FMOLS show that: (i) investment in nuclear energy reduces CO2 emissions in Canada, Netherlands, Japan, Switzerland, Czech Republic and UK, (ii) investment in renewable energy reduces CO2 emissions in Belgium, Canada, France, Germany, Sweden, UK, US, Japan, Switzerland, Finland, Czech Republic; however, it increases CO2 emissions in Netherlands and South Korea, and (iii) both nuclear and renewable energy consumption reduces carbon emissions for the panel estimations. Moreover, the results of the VECM method show that nuclear and renewable energies reduce CO2 emissions in the long-term. Our results suggest that the best option to reduce CO2 emissions is to aim for a mix of nuclear and renewable energy. No need to choose. On the contrary: the two sources of energy are complementary. Policy implications are also discussed. [Display omitted] •Investment in nuclear energy and renewable energy reduced CO2 emissions in Belgium, Canada, France, Germany, Sweden, UK, US, Japan, Switzerland, Finland, Czech Republic; however, it increases CO2 emissions in Netherlands and South Korea.•Both nuclear and renewable energy consumption reduces carbon emissions for the panel estimations.•The best option to reduce CO2 emissions is to aim for a mix of nuclear and renewable energy.
AbstractList This study contributes to the existing environmental economics literature by examining the short- and long-run impacts of renewable and nuclear energy consumption on CO2 emissions in the case of 15OECD countries over the period 1990–2018 using both the Fully Modified OLS (FMOLS) and the vector error correction model approach (VECM) estimation methods. The results of the FMOLS show that: (i) investment in nuclear energy reduces CO2 emissions in Canada, Netherlands, Japan, Switzerland, Czech Republic and UK, (ii) investment in renewable energy reduces CO2 emissions in Belgium, Canada, France, Germany, Sweden, UK, US, Japan, Switzerland, Finland, Czech Republic; however, it increases CO2 emissions in Netherlands and South Korea, and (iii) both nuclear and renewable energy consumption reduces carbon emissions for the panel estimations. Moreover, the results of the VECM method show that nuclear and renewable energies reduce CO2 emissions in the long-term. Our results suggest that the best option to reduce CO2 emissions is to aim for a mix of nuclear and renewable energy. No need to choose. On the contrary: the two sources of energy are complementary. Policy implications are also discussed.
This study contributes to the existing environmental economics literature by examining the short- and long-run impacts of renewable and nuclear energy consumption on CO2 emissions in the case of 15OECD countries over the period 1990–2018 using both the Fully Modified OLS (FMOLS) and the vector error correction model approach (VECM) estimation methods. The results of the FMOLS show that: (i) investment in nuclear energy reduces CO2 emissions in Canada, Netherlands, Japan, Switzerland, Czech Republic and UK, (ii) investment in renewable energy reduces CO2 emissions in Belgium, Canada, France, Germany, Sweden, UK, US, Japan, Switzerland, Finland, Czech Republic; however, it increases CO2 emissions in Netherlands and South Korea, and (iii) both nuclear and renewable energy consumption reduces carbon emissions for the panel estimations. Moreover, the results of the VECM method show that nuclear and renewable energies reduce CO2 emissions in the long-term. Our results suggest that the best option to reduce CO2 emissions is to aim for a mix of nuclear and renewable energy. No need to choose. On the contrary: the two sources of energy are complementary. Policy implications are also discussed. [Display omitted] •Investment in nuclear energy and renewable energy reduced CO2 emissions in Belgium, Canada, France, Germany, Sweden, UK, US, Japan, Switzerland, Finland, Czech Republic; however, it increases CO2 emissions in Netherlands and South Korea.•Both nuclear and renewable energy consumption reduces carbon emissions for the panel estimations.•The best option to reduce CO2 emissions is to aim for a mix of nuclear and renewable energy.
ArticleNumber 103425
Author Omri, Anis
Saidi, Kais
Author_xml – sequence: 1
  givenname: Kais
  surname: Saidi
  fullname: Saidi, Kais
  email: saidikais.fsegs2014@gmail.com, saidi.saidi2014@gmail.com
  organization: Department of Economics, Faculty of Economics and Management of Sfax, University of Sfax, Tunisia
– sequence: 2
  givenname: Anis
  surname: Omri
  fullname: Omri, Anis
  email: a.omri@qu.edu.sa, elomrianis@gmail.com
  organization: Department of Business Administration, College of Business and Economics, Qassim University, P.O.Box: 6640, Buraidah, 51452, Qassim, Saudi Arabia
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Snippet This study contributes to the existing environmental economics literature by examining the short- and long-run impacts of renewable and nuclear energy...
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StartPage 103425
SubjectTerms Alternative energy
Alternative energy sources
Carbon dioxide
CO2 emissions
Emissions
Emissions control
Energy consumption
Error correction
Investment
Nuclear energy
Nuclear engineering
Nuclear reactors
OECD countries
Renewable energy
Studies
Title Reducing CO2 emissions in OECD countries: Do renewable and nuclear energy matter?
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Volume 126
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